Rebirth of England

“Is it necessary to carry out such a large-scale acquisition?”

Facing Jenny’s question, Ivanta pondered for a moment and said:

"I know what you are worried about. The current market value of Sinclair Group is less than US$4 billion, and this acquisition of Forum Media Group will cost US$7.5 billion, which will inevitably bring great debt pressure to the company. …”

"Yes, even the interest on these debts would be a significant burden for Sinclair Group."

At this time, Jenny Smith's belly was already slightly pregnant. She was wearing a dark dress and said solemnly:

"Although I don't know much about these business matters, I know that since John was committed to promoting the acquisition of Forum Media Group at that time, it should also be beneficial to the development of Sinclair Group, but I still can't help but feel a little worried."

"Actually, this is true. Forum Media Group does have its value. The profits of sports channels are also relatively optimistic. Moreover, such acquisition opportunities are not always available..."

Ivanta nodded and said:

“We previously opposed the acquisition of Forum Media Group, mainly because most of the funds for the proposed acquisition at that time were provided by Vanguard Group, which would significantly dilute our shareholding ratio in Sinclair Group.”

Currently, Jenny has served as the chairman of the Sinclair Group. This time, she came to New York with Ivanta, who represents IC Capital, in order to sign the acquisition of the Sinclair Group with the Pilot Group and 21st Century Fox. The deal with Fox-owned Tribune Media Group.

At this time, some specific terms for this acquisition have been negotiated. We only need to wait until the two parties finally sign an agreement tomorrow to complete this acquisition.

When signing the agreement, McKenna III, the chairman of Vanguard Group, behaved very gracefully. It was completely invisible that when he was talking to Barron about this acquisition, he hung up the phone and smashed his cell phone to pieces. Angry look.

Because at that time, Barron's asked Vanguard Group to withdraw their holdings in Sinclair Group - this was an unceremonious change of face compared to the other party's original permission to retain no more than 10% of their holdings in Sinclair Group.

But in the end, he held his nose and agreed to the other party's request...

As for the reasons, the analysis is very similar to Barron's. First of all, this time we contacted Disney to acquire 21st Century Fox. Both Disney and 21st Century Fox, Vanguard Group did a lot of work.

In addition, the bid proposed by Barron for the Tribune Media Group that Sinclair Group can afford is indeed the highest among the bids they have received so far.

According to the agreement reached by the two parties, Sinclair Group will complete the acquisition of Fox's Forum Media Group for US$7.5 billion.

After completing this acquisition, the number of local TV stations controlled by Sinclair Group will exceed 200, making it the second largest TV network in the United States.

This time the acquisition was carried out in a pure cash manner. Sinclair Group needed to pay 21st Century Fox US$7.5 billion in funds, of which US$2.5 billion came from a loan provided by Standard Chartered Bank.

There is also US$2.5 billion invested by Merrill Lynch to purchase its preferred shares with an annual interest rate of 8%.

The final $2.5 billion was raised by IC Capital’s investment in the purchase of Sinclair Group’s convertible bonds, which have an annual interest rate of 7.5%…

In addition, IC Capital has also reached an agreement with Vanguard Group. They will acquire 7% of the Sinclair Group shares held by the other party at market price.

After this, IC Capital’s shareholding in Sinclair Group will increase from 23.5% to 30.5%, thus surpassing the Sinclair Family Trust and becoming the largest single shareholder of Sinclair Group.

However, according to the tacit agreement reached between them and the Sinclair family, Jenny Smith will still represent the Sinclair family and serve as the chairman of the company.

And in this way, it also avoids the possibility that other members of the Sinclair family will take back control of the shares held by Jenny Smith in the Sinclair Family Fund in the future.

Because once the other party does this, then Jenny Smith itself will own the part of the Sinclair Group shares that she received after John Smith's death. With the support of Barron's side, the Sinclair family will be completely “Losing ground” in the company…

By then, I'm afraid they won't even have a "nominal" chairman like Jenny.

…

"He is so cute. Look, he smiles like a little angel. It makes people's hearts melt..."

After signing the agreement for Sinclair Group to acquire Forum Media Group, Jenny was invited to Ivanta's residence, where she met Ivanta's son Theodore TP.

Theodore was born in July last year and is about to turn one year old now...

What Jenny said was not a compliment. It can be seen that Theodore has perfectly inherited the excellent genes of his parents, and his face is as exquisite as an angel. Jenny couldn't help but hug and kiss his little face. :

"I hope my child can be this cute."

Well, it should be about the same, after all, they all have at least half of the same genes...

Ivanta also treasured her son very much. After taking it from Jenny's hands, she kept holding him in her arms.

Speaking of which, Theodore is also the youngest member of the TP family at this time...

Not only Ivanta, but Theodore was also favored by his grandfather.

It is worth mentioning that the youngest of Ivanta's siblings is Barron TP, the son born to her father and his third wife in 2006.

Yes, Ivanta's 7-year-old brother has the same name as Theodore TP's father.

Barron also finds this interesting - after all, Ivanta's father gave this youngest son this name in the original time and space, but when Barron TP was born, her father already knew the relationship between Barron and Ivanta very well, and he still gave him this name...

It does seem to be very meaningful.

As a manager of IC Capital, which has become a giant in the American investment field, Ivanta is actually quite busy at ordinary times, and she doesn't have much time to accompany Theodore.

Often when she is on a business trip, she will send Theodore to her family's mansion from time to time - the top floor mansion of the TP Building on Fifth Avenue.

This is not to say that Theodore has no one to take care of him when Ivanta is away on business. After all, as the child of Ivanta and Barron, Theodore has been taken care of meticulously since birth - there is a team of more than 10 people serving Theodore TP, including five nannies, nutritionists, private doctors, etc. ...

Or because from Barron's previous life, no matter what, Ivanta's family's education of their children is still very successful, so Barron is more assured of such an arrangement.

And Barron TP also likes his nephew very much. After school almost every day, he will patiently accompany little Theodore to play for a while.